Press release on CSR adjudication order from Regional Director, Chennai
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Airfloa received a July 13, 2026 adjudication order from the Regional Director, Chennai regarding delays in transferring unspent CSR funds for FY 2019-20 to FY 2022-23. Appeals were dismissed; penalty was enhanced to about ₹1.8 crores, excluding separate penalties on directors. Underlying CSR obligations had already been discharged. The company is evaluating legal remedies. Management says operations remain unaffected. Q1 FY27 revenue rose around 200% year-on-year to ₹100.7 crores, and the ₹500 crores revenue target stays on track.
Penalty of about ₹1.8 crores enhanced for CSR delays; company will appeal. Management says operations unaffected and Q1 FY27 revenue grew 200% year-on-year.